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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure IT-2022-21/2326 Updated – measures in Italy

Grants for small and medium-sized agricultural enterprises affected by the war in Ukraine

Fondo sostegno imprese agricole

Country Italy , applies nationwide
Time period Temporary, 18 May 2022 – 31 December 2022
Context War in Ukraine
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation
Author Alessandro Smilari (Fondazione Giacomo Brodolini)
Measure added 18 May 2022 (updated 19 June 2023)

Background information

The Council of Ministers approved Decree Law No. 50 of 17 May 2022 called 'Urgent measures on national energy policies, business productivity and investment attraction, as well as on social policies and the Ukrainian crisis.' The decree law provides economic aid to companies and families to mitigate the consequences of the war in Ukraine on the Italian economy. Among the measures to promote economic recovery and business productivity is the establishment of a support fund for agricultural enterprises.

Content of measure

€20 million has been provided to fund this measure. The money will be allocated in the form of non-repayable grants. This money will compensate for the negative economic repercussions that have resulted from the war in Ukraine. Some of these consequences include losses of turnover due to the contraction of demand, the interruption of existing contracts and projects, and the crisis in supply chains.

Beneficiaries of the fund are small and medium-sized agricultural enterprises that meet the following requirements:

  • In the last two years they have conducted transactions of goods or services, including procurement of raw materials and semi-finished products, with Ukraine, the Russian Federation and Belarus, amounting to at least 20% of the total business turnover
  • The average cost of raw materials and semi-finished products increased by at least 30% during the last quarter the decree. This increase should be compared to the average purchase cost during the corresponding period of the year 2019 or, for enterprises established as of 1 January 2020, compared to the average purchase cost of the corresponding period of the year 2021;
  • They suffered a decrease in turnover of at least 30% during the quarter prior to the decree compared to the same period in 2019.

Updates

The following updates to this measure have been made after it came into effect.

20 September 2022

Through the 'Aiuti-ter' decree (No. 95 of 16 September 2022), the maximum amount of financing guaranteed by the Ismea public fund, with 100% coverage, was raised from €35,000 to 62,000.

Use of measure

No data available.

Target groups

Workers Businesses Citizens
Does not apply to workers Sector specific set of companies
Other businesses
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: N/A

Involvement

No involvement of social partners.

Views and reactions

No data available.

Sectors and occupations

    • Economic area Sector (NACE level 2)
      A - Agriculture, Forestry And Fishing A1 Crop and animal production, hunting and related service activities
      A2 Forestry and logging
      A3 Fishing and aquaculture

This case is not occupation-specific.

Sources

  • 17 May 2022: Aid Decree May 2022: here is the text published in the Official Gazette (www.fiscoetasse.com)
  • 20 September 2022: The maximum amount of Ismea guaranteed loans goes from 35 thousand to 62 thousand euros (www.mysolution.it)

Citation

Eurofound (2022), Grants for small and medium-sized agricultural enterprises affected by the war in Ukraine, measure IT-2022-21/2326 (measures in Italy), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/IT-2022-21_2326.html

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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.